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The Agent's Authority to Act

The Agent's Authority to Act

Discover the various types of authority under which an agent may act, including actual authority, apparent authority, inherent authority, and retroactive authority granted by the principal’s ratification, as well as how an agent's power terminates.

Transcript

Welcome back to our tutorial on agency! This clip will explore the agent’s authority to act.

By the time we finish this clip, you’ll have a good understanding of all of the types of authority under which an agent may act, including actual authority, apparent authority, inherent authority, and retroactive authority created by the principal’s ratification. In addition, you’ll understand how and when an agent’s power terminates.

I. Types of authority

We already know that an agent is someone who...

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